Back to search
The question

Is it permissible to buy and sell shares of a global Islamic company that asserts on its official website that it does not deal in unlawful matters such as usury?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

For the trading of shares of any company to be permissible, its activity must be lawful, and it must avoid শরীʿআ () violations such as (excessive uncertainty) and (gambling), and it must not invest its funds in usurious banks. It is not possible to rule on the aforementioned companies due to ignorance of their system and the extent of their adherence to Sharia guidelines. Therefore, whoever wishes to purchase their shares must verify the availability of these guidelines.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
100929
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
Read the full ruling
Read the full answer on Ftawy